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r/CryptoMoonShotsSee Post

Hydra | A permissionless, open-source, proof-of-stake blockchain | Stake HYDRA to help maintain the network

r/CryptoMarketsSee Post

Opportunities and Challenges in RWA Tokenization

r/CryptoCurrencySee Post

Am I understanding the tax law in the US right?

r/CryptoMoonShotsSee Post

Cloudax - Web3 with SocialFi, P2P Crypto Trading and More

r/CryptoMoonShotsSee Post

Cloudax - Web3 with SocialFi, P2P Crypto Trading and More

r/CryptoCurrencySee Post

Lost 1.28M in Phishing Scam

r/CryptoMoonShotsSee Post

The $FAST token operates on a simple revolutionary principle: BASE price CAN ONLY go UP | Dive into this extraordinary Tokenomics | Doxxed | Next Moonshot 100x Gem |

r/CryptoMoonShotsSee Post

Fix the title to be this : "The $FAST token operates on a simple revolutionary principle: BASE price CAN ONLY go UP | Dive into this extraordinary Tokenomics | Doxxed | Next Moonshot 100x Gem |"

r/CryptoMoonShotsSee Post

The $FAST token operates on a simple revolutionary principle to ONLY go UP | Dive into the extraordinary | Next Moonshot 100x Gem |

r/CryptoCurrencySee Post

What does 'Have a Plan' look like?

r/BitcoinSee Post

Anyone who has digital residency... deposits and withdrawal process

r/CryptoCurrencySee Post

For those of you who have digital residency. How do you deposit and withdraw?

r/CryptoMoonShotsSee Post

Hurry up to become eligible for CONFIRMED $AEVO airdrop

r/CryptoCurrencySee Post

How to buy MANTA on DEX today?

r/CryptoCurrencySee Post

Chainlink CCIP Integrates Circle's CCTP to Support Cross-Chain USDC Transfers

r/CryptoCurrencySee Post

Blockchain Quiz - Intermediate/Advanced Level

r/CryptoCurrencySee Post

Wallets with USDC stablecoin grew by 59% in 2023 despite circulation drop

r/CryptoMoonShotsSee Post

If you are still using Coinbase, read this

r/CryptoCurrencySee Post

Cardano got it's own simple swap dex - over to Eth, Binance , SOL, and more. Brought to you by one of the OG Projects built with utility in mind. The CardanoCrocsClub has been delivering and growing their development team since 2021. You can utilize their crosschain Stable coin USDC4 (USDC Pegged).

r/CryptoCurrenciesSee Post

If you are still using Coinbase, read this.

r/BitcoinSee Post

USD Coin (USDC.BINANCE) Stock Price, Quote, News & Events - Stock Events

r/CryptoCurrencySee Post

USDC Stablecoin Issuer Circle Files for US IPO

r/CryptoCurrencySee Post

All my USDC were sent to burn

r/SatoshiStreetBetsSee Post

How Capital inflows Affect Assets like $SSB.

r/CryptoCurrencySee Post

Crypto.com isn't the worst, but they are WAY too inconsistent. Their most recent situation is customer support is non-contact for weeks, some say months and platform app and API malfunctioning due to server issues

r/CryptoMarketsSee Post

Solana Crypto 3 Reasons why January Holds Key Dont be FOMO Chaser

r/BitcoinSee Post

Coinpayments help

r/CryptoCurrencySee Post

Coinbase December Sweepstakes

r/CryptoMoonShotsSee Post

Snakes Game | LP Burn | Solana | Own Ecosystem | Closed beta test for Snakes Holders Only| | Low Mcap | Tax 0

r/CryptoMoonShotsSee Post

Snakes Game | LP Burn | Tax 0 | Solana | Own ecosystem | Closed beta test for Snakes holders only| | Low Mcap |

r/CryptoMoonShotsSee Post

Snakes Game | LP BURN | Solana | Own Ecosystem | Closed Beta Test For Snakes Holders Only| | Low Mcap | Next 1000x Moonshot For 2024

r/CryptoMoonShotsSee Post

Gorilla DeFi: Paving the Way in Presale with an Innovative Blockchain Mechanism | Earn & Shape

r/CryptoMoonShotsSee Post

Gorilla DeFi: Paving the Way in Presale with an Innovative Blockchain Mechanism

r/CryptoMoonShotsSee Post

Strike Finance PRESALE | ERC-20 | A DeFi Money Market Built On Ethereum | Rewards | Highest APY Rates On The Market | 10-100x Moonshot

r/CryptoMoonShotsSee Post

Gorilla DeFi: Paving the Way in Presale with an Innovative Blockchain Mechanism

r/CryptoMoonShotsSee Post

PRESALE | Strike Finance | ERC-20 | A DeFi Money Market Built On Ethereum | Highest APY Rates On The Market | Huge Rewards | Best New DeFi

r/CryptoMoonShotsSee Post

PRESALE | Strike Finance | ERC-20 | A DeFi Money Market Built On Ethereum | Rewards | Highest APY Rates On The Market | Best New DeFi For 2024

r/CryptoCurrencySee Post

Form 8300 and IRS Reporting

r/CryptoMoonShotsSee Post

Join The Presale | Strike Finance | ERC-20 | A DeFi Money Market Built On Ethereum | Launching Soon

r/CryptoCurrencySee Post

Pacman's Blast L2 Reaches $1.1 Billion TVL Amidst Controversy and Excitement, may be a pyramid scheme

r/CryptoCurrencySee Post

So much hit and run happening in the Crypto scene these days. A guy just lost 52 Solana

r/CryptoMoonShotsSee Post

PRESALE | Strike Finance | ETH Ecosystem | A DeFi Money Market Built On Ethereum | Launching Soon

r/CryptoMoonShotsSee Post

Join The Presale | Strike Finance | ERC-20 | Utility Token | A DeFi Money Market Built On Ethereum | Launching Soon

r/CryptoMoonShotsSee Post

PRESALE | Strike Finance | ERC-20 | Ecosystem | A DeFi Money Market Built On Ethereum | Launching Soon

r/CryptoMoonShotsSee Post

Focus - The Crypto Social Network - Whitepaper

r/CryptoCurrencySee Post

Manta New Paradigm (confirmed) - I bridged, now what?

r/CryptoMoonShotsSee Post

PRESALE Live | Strike Finance | ERC-20 Utility Token | A DeFi Money Market Built On Ethereum

r/CryptoMoonShotsSee Post

$FANX the utility token taking on the creator economy, just surpassed ATH is still very low cap $4 million

r/CryptoMoonShotsSee Post

PRESALE | Strike Finance | ERC-20 | A DeFi Money Market Built On Ethereum | Next 10-100x Gem?

r/CryptoCurrencySee Post

Binance is doing a rebrand. At the same time, Gov and banks are using the courts to manipulate Binance for their own purposes

r/CryptoMoonShotsSee Post

SALE | Strike Finance | ERC-20 | A DeFi Money Market Built On Ethereum

r/CryptoCurrencySee Post

Don't fall for Orbiter's "quests" they are basically robbing their customers.

r/BitcoinSee Post

Best exchange (or wallet) for DCA and is it possible to automatically transfer to hot wallet?

r/CryptoCurrencySee Post

Would Cardano and Graph be in your evergreen Top Ten?

r/CryptoMoonShotsSee Post

XPET - Pet / SocialFi 2.0 game built on Arbitrum

r/CryptoCurrencySee Post

Why I would never invest in SOL, but happy for the people who made their gains.

r/CryptoMarketsSee Post

Doge Coin Crypto 2 Simple Reasons Run is Not Over Yet

r/BitcoinSee Post

Does bitcoin mining still exist?

r/CryptoCurrencySee Post

AAVE Question: Why was I liquidated?

r/CryptoCurrencySee Post

Looking for a DAO maker tool that allows users to create ETF style funds

r/CryptoCurrencySee Post

Help me understand if I am being lied to by Circle

r/CryptoCurrencySee Post

2024 — The Year of Solana? USDC Issuer Circle Deployed EURC On Solana

r/CryptoMoonShotsSee Post

Introducing Lumin Finance

r/CryptoCurrencySee Post

Flutterwave, the leading unicorn in Africa, has announced its successful acquisition of money transfer licenses for 13 U.S. states. The company is in the process of launching USDC payment settlements in partnership with the Hedera (HBAR) blockchain.

r/CryptoMarketsSee Post

VALR Announces End-Of-Year Trading Competition with $10,000 USDC in rewards

r/CryptoCurrencySee Post

Actual Question and Potential Public Service Announcement

r/BitcoinSee Post

transfer bitcoin right now or wait for a greater peak?

r/CryptoMoonShotsSee Post

GoldPesa Mines |A cutting-edge decentralized game | GoldPesa Mines Fair Launch December 16th, 3:00 PM GST

r/CryptoCurrencySee Post

i’ve been using exodus for basically everything and getting wrecked on fees. How’s my new method?

r/CryptoCurrencySee Post

My empty Coinbase wallet appears to have received 200 USDC, with the account balance listing 113,800 USDC and a balance of $0. What was sent to my wallet?! Is this somehow a scam attempt?

r/CryptoCurrencySee Post

Seeking Advice: P2P Chats for BTC to USDC/USDT Exchang

r/CryptoCurrencySee Post

Circle And Nubank Team Up To Expand USDC Access In Brazil

r/CryptoCurrencySee Post

what happened 3rd of november, and are some of these CC not at all to be considered an investment object?

r/CryptoMarketsSee Post

Doge Coin CryptoCurrency $0.08 First Target Met Price Prediction Analysis why it is good news and Bitcoin matters

r/CryptoCurrencySee Post

Seeking Advice: How to pay a freelancer with USDC on Coinbase – Is that smart ?

r/CryptoCurrencySee Post

Pointless Coinbase Wallet Learn & Earn tasks

r/CryptoMoonShotsSee Post

Alvey - When someone tells you that even a small investment in this could change You Life With One Simple Purchase Would You?!

r/CryptoMoonShotsSee Post

Alvey - If you’re looking for a trusted project, a real team and a REAL business plan. Give one minute of your time with this message!

r/CryptoCurrencySee Post

Some information and facts about Stellar XLM and the SDex Decentralized Exchange

r/BitcoinSee Post

Random Coinbase drop ?

r/CryptoMarketsSee Post

Circle Partners with SBI Holdings to Boost USDC and Web3 Adoption in Japan

r/CryptoMoonShotsSee Post

Chappyz | AI powered plug-and-play protocol that helps build REAL community | BSC Gem

r/CryptoCurrencySee Post

Solana Weekly News Video: Phantom, Pyth Oracle, Epic Games, Circle USDC, SPL20, Anatoly and MORE!

r/CryptoMoonShotsSee Post

Chappyz | AI powered plug-and-play protocol that helps build REAL community

r/CryptoMoonShotsSee Post

Chappyz | AI powered plug-and-play protocol that helps build REAL community | $7m daily volume

r/CryptoMoonShotsSee Post

The GambleFi Thread - Here are four projects. Let's get an overview of this hot niche. Feel free to add your winners.

r/CryptoCurrencySee Post

Ways to leverage trade BTC / ETH without margin trading? Let's see!

r/CryptoMoonShotsSee Post

Let's talk GambleFi - Here are four cool projects. Please add more, so we can get an overview of this hot niche :)

r/CryptoCurrencySee Post

Easiest way to send/receive stablecoins (probably USDC) between friends and family?

r/BitcoinSee Post

Coinbase: no fees for buying or swapping USDC?

r/CryptoCurrencySee Post

Transferring and cashing out on large sum of USDC to Belgian bank account

r/CryptoCurrencySee Post

3 "NFT" arrived into my Ledger when I transfered Matic to my Ledger for the 1st time ever?

r/CryptoMoonShotsSee Post

GambleFi Projects - Where to place your bets? - Let's discuss

r/CryptoMoonShotsSee Post

GambleFi Projects - Where to place your bets? - Let's discuss

r/CryptoCurrencySee Post

Alchemy Pay Joins Stellar Ecosystem to Offer Ramp Service for Developers and dApps

r/CryptoCurrencySee Post

How to see ALL arbitrum uniswap pools so i can invest on them?

r/BitcoinSee Post

Tax Question

r/CryptoCurrencySee Post

NBA's Spencer Dinwiddie and Calaxy co-founder Solo Ceesay demo the app's new crypto payment feature. Sending crypto is as easy as sending a text message... live demo and the USDC was received in 3.47 seconds.

r/CryptoCurrencySee Post

Buying with a GBP fiat - implied FX costs

r/CryptoCurrencySee Post

HW Wallet Keystone 3 Pro should focus more on security - it is not in a good shape

Mentions

Thanks for the clarity. So pretty much it better to shift to other stable coins like USDC?

Mentions:#USDC

There's USDB on blast, there's USDC( I've always preferred USDC), there's USDV, there's TUSD on Tron

Just trade futures on the blockchain. I use GMX for my futures trading and that shit is already BtC/USDC. But even if shit gets banned who cares, you’re using open source software running on IPFS servers. There’s no way it goes offline if some country bans it

Mentions:#GMX#USDC

Not accusing you of anything but something is amiss. I've used ANZ Plus and Combank and they really just have limits on how much and they're pretty large for what you're sending. Anyway Coinbase using payID will work. If you don't want to lose on fees go AUD->USDC->USDT

Been in development for 7 years and yet... - Takes forever to send a tx - Costs way more than fast L1s like Solana or L2s like Base - Virtually NO stablecoins... no USDT or USDC - No institutional interest of any sorts as evidenced by fund flows into institutional products (source: [https://blog.coinshares.com/volume-187-digital-asset-fund-flows-weekly-report-03a835f3e795](https://blog.coinshares.com/volume-187-digital-asset-fund-flows-weekly-report-03a835f3e795) ) - No DeFi presence whatsoever, largely because UTXO model is a nightmare for DeFi... Cardano is ranked 28th in terms of TVL per DeFillama - No NFT presence either... NFTs are dead as a sector, but even chains like SOL and ETH still have way more activity than ADA - No memecoins... the biggest one? A dumb pig that the ADA community championed after it reached a market cap of $1M in 12 hours LOL. - Never talked about amongst any kind of influencers or any kind of smart money in crypto... just a retail name that normies are bag holding and refuse to take the L and move on - Charles Hoskinson is a psychopath and narcissist. There is no shortage of ppl in the ecosystem who worked with him and say how bad of a person he is to work with, how fake he is, etc. Has previously like about all sorts of stuff, like his Master's degree. - Project takes an "academic approach" first, which is merely an excuse at this point as to why it hasn't gained any adoption. People for years have been saying, "WELL IT'S ALL GOING TO CHANGE AFTER THE NEXT UPGRADE." Refusing to take a "ship fast and iterate" approach like all big tech companies have employed over the past several decades is proving to be a big mistake. Cannot believe ppl still think ADA is going somewhere other than $0. This is the cycle that it really falls by the wayside.

USDC is out there and many other stablecoins are available in the market. This will hardly have any effect

Mentions:#USDC

#Ethereum Pro-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ​ > > # Ethereum: Use-case driving value > > Ethereum is a very valuable Blockchain. This blockchain is driven by innovation and utility. To understand what makes Ethereum such a valuable eco-system we need to discuss the inner-working of Ethereum. > > # Introduction: Ethereum explained > > According to [Ethereum.org](https://Ethereum.org) : > > >What is Ethereum? > > Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet. > > So the topic driving this discussion is badly worded. If we are discussing top coins then we should discuss Ether and not Ethereum. Since Ethereum is such an interesting ecosystem I will treat this argument as a pro Ethereum post. I'd love to see the discussion focused on Ether next time. > > Ethereum is not managed by a single entity nor managed by the Ethereum Foundation but is managed through a decentralized process explained [In their governance page](https://ethereum.org/en/governance/). > > Time for some metrics: Ethereum is currently trading north of 1750 $ and has a circulating supply of 122 millions ETH for a Market cap at around 218 billions > > Let's go back to the quote: "Ethereum is a technology that's home to digital money". This point is important. Ether is not the only coin which is using the Ethereum blockchain. A lot of value on the Ethereum Blockchain is not in Ether coins. This will be discussed further down. Ethereum is also home to global payment, so Ether and other cryptocurrencies can be used to settle transactions between P2P in a permissionless way. > > Applications called Dapps exist on the blockchain. We are going to discuss all of these aspects. We are also going to tackle NFTs on the Ethereum Blockchain. > > Ethereum is also completed by L2s. These are going to be mentioned. > > Ethereum has been switched from POW to Asic resistant POW to POS. These are going to be discussed. > > ​ > > # Ethereum: Home to digital money. > > Ethereum strength is that the blockchain is home to many cryptocurrencies. If gas fees are paid in Ether, many tokens have billions circulating in the Ethereum ecosystem. A quick look at Etherscans reveal how strong the ethereum ecosystem is. > > According to [EtherScan](https://etherscan.io/tokens) the blockchain has 40 Billions $ in USDT, 46 Billions in USDC and 7 Billions $ in Wrapped BTC. The market cap of Ether may be around 200 billions but the on chain value of assets in the Ethereum Blockchain is far higher. > > All of these USDT and USDC are stablecoins which can be used for transactions. In fact, it can be used for P2P transaction in a permissionless way but also to buy stuff from businesses. [Here is a list of business accepting USDT (which exists in the Ethereum blockchain)](https://nowpayments.io/blog/businesses-accepting-tether) and [Here is a list of business accepting directly Ethereum](https://www.analyticsinsight.net/top-10-companies-accepting-ethereum-as-a-payment-method-in-2022/) > > These classical transactions are not the only use of the Ethereum Blockchain: Dapps and NFT are also thriving ! > > # Ethereum: Home to dapps and NFTs > > Ethereum is home to a lot of different applications: Marketplaces, exchanges, defi, wallets, games... > > These application are different because they are called dapps: > > >A decentralised application (DApp,\[1\] dApp,\[2\] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system.\[3\] > > [Wikipedia Dapps](https://en.wikipedia.org/wiki/Decentralized_application) > > To give a glance to these dapps you can head to this website tho be wary of the first dapp listed being an advertisement for shady businesses (I haven't found a better website to source dapps) [Here you go](https://dappradar.com/rankings/protocol/ethereum/1) > > While I don't believe in the current state of NFT technology being viable (See my write up in favor of NFT speaking about the future of this technology), we have to take into account that even after losing 60% of their value there is still 3 Billions USD in NFTs in the Ethereum Blockchain [Source](https://cointelegraph.com/news/ethereum-nft-collections-lost-nearly-60-of-their-market-cap-in-2022-report) > > # Ethereum: Layers of goodness. > > Ethereum can be a bit expensive for people, this is why it was layered. There are side chains existing just to be cheaper than Ethereum while offering bridges to and from Ethereum. For example Polygon. > > >Polygon is a Layer-2 scaling solution created to help bring mass adoption to the Ethereum platform. It caters to the diverse needs of developers by providing tools to create scalable decentralized applications (dApps) that prioritize performance, user experience (UX), and security. > > So if you want to be able to evaluate Ethereum you need to go and read about the biggest layer 2 pro and cons. > > [A small list of Ethereum layer 2 given by Ethereum.org](https://ethereum.org/en/layer-2/) > > # Ethereum: Evolve to thrive > > Ethereum has been a rapidly evolving ecosystem. It has seen the evolution of mining from GPU to Asic. In order to not become reliant on Asic mining, Ethereum was made Asic resistant. This created other problems: A pressure on the GPU market but also a concern for energy efficiency. In order to improve the footprint but also reduce the fees, Ethereum was made to transistion from POW to POS. Proof of stake is a protocol in which you need to stake coins to run a node in the network. > > This shows an ability to look ahead and to tackle challenges. > > # Conclusion: Ethereum is a rapidly evolving ecosystem which has a lot of value in it. Since Ether is their native coin, all of this impacts Ether's value. > > This is where we go back to the TOP COIN aspect of this write up. Everything I have said has an impact on the value and use of Ether. If you believe in the future of the Ethereum Blockchain, you can go ahead and look a bit more into Ether. If you don't believe in the Ethereum Blockchain then you should try to find a competitor. > > Just know that Ethereum is trying to become deflationary and that their economic outlook seems on par with good cryptos. > > Ethereum is one of the techs of the future and this essay has shown some of the most important aspects of it. > > Have fun ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Using XLM/LTC for moving between exchanges to trade is outdated for years and a waste of money. Just move USDC/usdt on a chain that isn’t basic ethereum. Arbitrum, Optimism, Solana, etc. don’t make trades into another coin to transfer between exchanges. You’re just wasting money on fees and spread

Mentions:#XLM#LTC#USDC

No ETH is not a good alternative to a dollar. USDC is the blockchain version of a dollar. Just because there is inflation in ETH it doesn't make for a good dollar alternative because inflation can't be controlled by markets.

Mentions:#ETH#USDC

Convert to USDC or PYUSD and send to another exchange or Paypal to cash out.

Mentions:#USDC#PYUSD

Anyone think we’ll touch lower 40k levels this summer? 42k is my cost average, thinking of converting to USDC and waiting for that level

Mentions:#USDC

USDC and USDT are on Top Gainers list in Revolut app. Crypto comedy peak.

Mentions:#USDC#USDT

Can you borrow USDC against it? I don't think you pay taxes on that. Just don't get liquidated.

Mentions:#USDC

#Tether Con-Arguments Below is a Tether con-argument written by a deleted user. > **Tether Cons** > > **Dodgy Reserves** > > Initially, Tether asserted that each USDT was backed by a dollar in its reserves. But the truth is more nuanced, Tether is supported by a variety of: > > * Other Investments (Including Digital Tokens): 8.36% > > * Secured Loans(None To Affiliated Entities): 6.77% > > * Corporate Bonds, Funds & Precious Metals: 5.25% > > * Cash & Cash Equivalents & Other Short-Term Deposits & Commercial Paper: 79.62% > > Of the 79% cash and cash equivalents, only 10.25% is held in cash. Also to be emphasized is the lack of an independent audit of the specific breakdown of Tether's reserves. > > **Regulatory Issues** > > The Paradise Papers dump in 2017 revealed that Bitfinex and Tether are both controlled by the same individuals. The Bitfinex trading platform's owners, who also manage the tether virtual currency, have participated in a cover-up to conceal the apparent loss of $850 million dollars, according to the investigation conducted by the New York state Attorney General. Later, Tether's attorney acknowledged that only 74% of the Tether is backed. Tether is forbidden from conducting business in New York under the terms of the settlement agreement. Despite paying a $18 million punishment, Bitfinex and Tether did not confess any wrongdoing. > > **Competitors** > > * USDC: Circle and Coinbase launched USDC in 2018, and it is tied 1:1 to the US dollar. Issuers are also required to back all tokens with fiat reserves and provide monthly proof of reserves in order to guarantee that USDC maintains a continual one-to-one backing. > > * BUSD: BUSD is a stablecoin backed by USD that is 1:1 secure, compliant, and supported by Binance. It was created by Paxos and has NYDFS approval. To preserve the stability and security of the stablecoin, Paxos hires an auditing company to examine its BUSD and US Dollar supply each month. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

#Tether Pro-Arguments Below is a Tether pro-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # PROs > > **USDT is well established** > > It has built a long history of resilience, reliability and trust because it has been around for a [while](https://www.wsj.com/articles/BL-MBB-23780) (around 8 years in the cryptocurrency market). This had helped to convince clients that the stablecoin is [legitimate](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink). > > As of this year, USDT currently is in the top ten cryptocurrencies by [market cap](https://www.coingecko.com/en/coins/tether) with a 24-hour trading volume of around 45 billion dollars and a total number of addresses of up to 4.5 million. In its last known [audit](https://www.fairyproof.com/doc/111.pdf) in 2021 it has been considered to have *"No vulnerabilities with critical, high, medium or low-severity."* > > **Wide acceptance** > > Tether has multiple gateways for customers (retail, exchanges, and companies) because it is built on several leading [blockchains](https://tether.to/en/supported-protocols), including Algorand, Avalanche, Bitcoin Cash's Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. These transport protocols are made up of open source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. > > Furthermore, it has been available on major exchanges such as Bitfinex, Binance, Coinbase, Kraken and [more](https://www.coingecko.com/en/coins/tether#markets), Offering a plethora of pairs for users to choose from or that of which is available in their region although as of lately some exchanges have been switching to Circle's USDC over growing concerns of legal issues related with Tether. > > **Buffer against volatility** > > One of the primary functions of stablecoins is to act as a [hedge](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) when crypto markets are in a downturn. Because the aforementioned market is extremely volatile, traders and investors want some sort of buffer against this without having to directly trade their crypto for fiat as to also avoid larger fees as well. Supported by its large market capitalization, USDT should be less volatile and thus safer. > > **Announcement of a full audit** > > Tether's CTO Paolo Ardoino recently stated in an [interview](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) with Euromoney that the company is preparing for a full audit with an accounting firm called MHA Cayman (which also handles Tether's [quarterly assurance opinions/reports](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf)). According to the CTO in the interview, MHA Cayman is one of the "*top 12*" accounting firms, and most top accounting firms deny requests for full audits due to the associated reputational risks. In the future, hopefully, this will provide more security and transparency to its users against the number of allegations and investigations it is currently facing. > > **Despite everything, USDT is still here** > > From the past legal troubles it has faced, the ones it's facing right now, the vast amount of criticisms from different facets off the internet and the several crypto winters it endured. USDT is still alive and kicking. Will it still be the top stablecoin in the next 5 years? Unlikely, but I am for certain it was a major part for the growth and expansion of crypto's fetal years. Moving forward it's up to them, the people behind Tether, if they will finally redeem themselves against all the allegations, criticisms, troubles, and not just do another settlement. > > ^(Sources:) > > [^(https://tether.to/en/faqs/)](https://tether.to/en/faqs/) > > [^(https://tether.to/en/supported-protocols)](https://tether.to/en/supported-protocols) > > [^(https://tether.to/en/transparency/)](https://tether.to/en/transparency/) > > [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > [^(https://en.wikipedia.org/wiki/Tether\_(cryptocurrency))](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf) > > [^(https://www.wsj.com/articles/BL-MBB-23780)](https://www.wsj.com/articles/BL-MBB-23780) > > [^(https://www.certik.com/projects/tether?utm\_source=CMC&utm\_campaign=AuditByCertiKLink)](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink) > > [^(https://www.coingecko.com/en/coins/tether)](https://www.coingecko.com/en/coins/tether) > > [^(https://www.fairyproof.com/doc/111.pdf)](https://www.fairyproof.com/doc/111.pdf) > > [^(https://www.coingecko.com/en/coins/tether#markets)](https://www.coingecko.com/en/coins/tether#markets) > > [^(https://www.researchgate.net/publication/341245986\_Are\_stablecoins\_truly\_diversifiers\_hedges\_or\_safe\_havens\_against\_traditional\_cryptocurrencies\_as\_their\_name\_suggests)](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) > > [^(https://www.researchgate.net/publication/339263534\_What\_is\_Stablecoin\_A\_Survey\_on\_Price\_Stabilization\_Mechanisms\_for\_Decentralized\_Payment\_Systems)](https://www.researchgate.net/publication/339263534_What_is_Stablecoin_A_Survey_on_Price_Stabilization_Mechanisms_for_Decentralized_Payment_Systems) > > [^(https://www.researchgate.net/publication/332458820\_Is\_Cryptocurrency\_a\_Hedge\_or\_a\_Safe\_Haven\_for\_International\_Indices\_A\_Comprehensive\_and\_Dynamic\_Perspective)](https://www.researchgate.net/publication/332458820_Is_Cryptocurrency_a_Hedge_or_a_Safe_Haven_for_International_Indices_A_Comprehensive_and_Dynamic_Perspective) > > [^(https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information)](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

#Tether Pro-Arguments Below is a Tether pro-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # PROs > > **USDT is well established** > > It has built a long history of resilience, reliability and trust because it has been around for a [while](https://www.wsj.com/articles/BL-MBB-23780) (around 8 years in the cryptocurrency market). This had helped to convince clients that the stablecoin is [legitimate](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink). > > As of this year, USDT currently is in the top ten cryptocurrencies by [market cap](https://www.coingecko.com/en/coins/tether) with a 24-hour trading volume of around 45 billion dollars and a total number of addresses of up to 4.5 million. In its last known [audit](https://www.fairyproof.com/doc/111.pdf) in 2021 it has been considered to have *"No vulnerabilities with critical, high, medium or low-severity."* > > **Wide acceptance** > > Tether has multiple gateways for customers (retail, exchanges, and companies) because it is built on several leading [blockchains](https://tether.to/en/supported-protocols), including Algorand, Avalanche, Bitcoin Cash's Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. These transport protocols are made up of open source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. > > Furthermore, it has been available on major exchanges such as Bitfinex, Binance, Coinbase, Kraken and [more](https://www.coingecko.com/en/coins/tether#markets), Offering a plethora of pairs for users to choose from or that of which is available in their region although as of lately some exchanges have been switching to Circle's USDC over growing concerns of legal issues related with Tether. > > **Buffer against volatility** > > One of the primary functions of stablecoins is to act as a [hedge](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) when crypto markets are in a downturn. Because the aforementioned market is extremely volatile, traders and investors want some sort of buffer against this without having to directly trade their crypto for fiat as to also avoid larger fees as well. Supported by its large market capitalization, USDT should be less volatile and thus safer. > > **Announcement of a full audit** > > Tether's CTO Paolo Ardoino recently stated in an [interview](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) with Euromoney that the company is preparing for a full audit with an accounting firm called MHA Cayman (which also handles Tether's [quarterly assurance opinions/reports](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf)). According to the CTO in the interview, MHA Cayman is one of the "*top 12*" accounting firms, and most top accounting firms deny requests for full audits due to the associated reputational risks. In the future, hopefully, this will provide more security and transparency to its users against the number of allegations and investigations it is currently facing. > > **Despite everything, USDT is still here** > > From the past legal troubles it has faced, the ones it's facing right now, the vast amount of criticisms from different facets off the internet and the several crypto winters it endured. USDT is still alive and kicking. Will it still be the top stablecoin in the next 5 years? Unlikely, but I am for certain it was a major part for the growth and expansion of crypto's fetal years. Moving forward it's up to them, the people behind Tether, if they will finally redeem themselves against all the allegations, criticisms, troubles, and not just do another settlement. > > ^(Sources:) > > [^(https://tether.to/en/faqs/)](https://tether.to/en/faqs/) > > [^(https://tether.to/en/supported-protocols)](https://tether.to/en/supported-protocols) > > [^(https://tether.to/en/transparency/)](https://tether.to/en/transparency/) > > [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > [^(https://en.wikipedia.org/wiki/Tether\_(cryptocurrency))](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf) > > [^(https://www.wsj.com/articles/BL-MBB-23780)](https://www.wsj.com/articles/BL-MBB-23780) > > [^(https://www.certik.com/projects/tether?utm\_source=CMC&utm\_campaign=AuditByCertiKLink)](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink) > > [^(https://www.coingecko.com/en/coins/tether)](https://www.coingecko.com/en/coins/tether) > > [^(https://www.fairyproof.com/doc/111.pdf)](https://www.fairyproof.com/doc/111.pdf) > > [^(https://www.coingecko.com/en/coins/tether#markets)](https://www.coingecko.com/en/coins/tether#markets) > > [^(https://www.researchgate.net/publication/341245986\_Are\_stablecoins\_truly\_diversifiers\_hedges\_or\_safe\_havens\_against\_traditional\_cryptocurrencies\_as\_their\_name\_suggests)](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) > > [^(https://www.researchgate.net/publication/339263534\_What\_is\_Stablecoin\_A\_Survey\_on\_Price\_Stabilization\_Mechanisms\_for\_Decentralized\_Payment\_Systems)](https://www.researchgate.net/publication/339263534_What_is_Stablecoin_A_Survey_on_Price_Stabilization_Mechanisms_for_Decentralized_Payment_Systems) > > [^(https://www.researchgate.net/publication/332458820\_Is\_Cryptocurrency\_a\_Hedge\_or\_a\_Safe\_Haven\_for\_International\_Indices\_A\_Comprehensive\_and\_Dynamic\_Perspective)](https://www.researchgate.net/publication/332458820_Is_Cryptocurrency_a_Hedge_or_a_Safe_Haven_for_International_Indices_A_Comprehensive_and_Dynamic_Perspective) > > [^(https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information)](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

#DeFi Pro-Arguments Below is a DeFi pro-argument written by noxtrifle. > DeFi, or decentralized finance, is a method of transacting without the need for an intermediary, and in many ways replaces the traditional banking systems. Instead, a smart contract at the core of the app manages the whole system. Since it is the code, instead of a central authority, which manages the system, decentralisation is ensured. Thus, there are several benefits of DeFi protocols: > > * **Not subject to the limitations of traditional banking** > * [The only barriers to entrance of DeFi](https://cointelegraph.com/defi-101/defi-a-comprehensive-guide-to-decentralized-finance) are an internet connection and a crypto wallet. With just those two, one can access staking, lending, borrowing, and trading; among many more. > * Furthermore, since DeFi is governed by a smart contract and (generally) has no downtime, users are able to access their DeFi balances around the clock, without waiting for the tedious processes of, for example, waiting for a bank to open, applying for a loan, having a discussion with a loan officer, and being accepted. With DeFi, all this can be done in mere seconds. > * **Much more attractive rates for investors** > * Currently, the yield for staking or lending cryptocurrencies on DeFi is [generally above 3-4%](https://www.ecb.europa.eu\/pub/financial-stability/macroprudential-bulletin/focus/2022/html/ecb.mpbu202207_focus1.en.html), which is higher than the interest rates of most developed countries — making DeFi protocols attractive for investors who want all the benefits of cryptocurrencies along with the security offered by traditional banks. > * Stablecoins such as USDC and USDT have even higher yields (5-6% on average) and offer the same stability as the US Dollar, making DeFi rewards more attractive than most large banks. > * This results in the immediate rewarding of the most generous protocol: as more people become aware of the high yields offered, the protocol grows in size and is able to offer more services. However, such expansion will certainly cause yields to decrease. > * **Numerous use cases** > * **These include:** > * **Traditional transacting:** peer-to-peer transfers of capital are already facilitated by cryptocurrencies, and some projects [like Flexa](https://flexa.network/currencies/) allow for off-chain, in-house transfers at little to no cost. > * **Decentralized exchanges:** Decentralised exchanges, such as dYdX and Pancakeswap, provide the exact functionality of centralised exchanges, except that KYC is not required and a smart contract governs all functionality. > * **Stablecoins:** DeFi protocols give stablecoins new meaning by allowing them to be staked or lent for interest, which has very likely benefitted stablecoin adoption immensely. > * **NFTs, Yield Harvesting, Liquidity Providing, and many more.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_defi) to find submissions for other topics.

Mentions:#USDC#USDT

It’s funny because, you are right. Although USD won’t necessarily die, it’ll be a USDC type CBDC

Mentions:#USDC

Deposit cash into USDC>Switch to Coinbase Advanced>buy Bitcoin at preferred intervals. ¡Voilà!

Mentions:#USDC

> What happens to cryptos, if USD collapses? Tether and USDC would collapse, driving down cryptos prices. Then crypto prices will go back up once another stable coin based on another currency is established as the main trading pair.

Mentions:#USDC

#Ethereum Pro-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ​ > > # Ethereum: Use-case driving value > > Ethereum is a very valuable Blockchain. This blockchain is driven by innovation and utility. To understand what makes Ethereum such a valuable eco-system we need to discuss the inner-working of Ethereum. > > # Introduction: Ethereum explained > > According to [Ethereum.org](https://Ethereum.org) : > > >What is Ethereum? > > Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet. > > So the topic driving this discussion is badly worded. If we are discussing top coins then we should discuss Ether and not Ethereum. Since Ethereum is such an interesting ecosystem I will treat this argument as a pro Ethereum post. I'd love to see the discussion focused on Ether next time. > > Ethereum is not managed by a single entity nor managed by the Ethereum Foundation but is managed through a decentralized process explained [In their governance page](https://ethereum.org/en/governance/). > > Time for some metrics: Ethereum is currently trading north of 1750 $ and has a circulating supply of 122 millions ETH for a Market cap at around 218 billions > > Let's go back to the quote: "Ethereum is a technology that's home to digital money". This point is important. Ether is not the only coin which is using the Ethereum blockchain. A lot of value on the Ethereum Blockchain is not in Ether coins. This will be discussed further down. Ethereum is also home to global payment, so Ether and other cryptocurrencies can be used to settle transactions between P2P in a permissionless way. > > Applications called Dapps exist on the blockchain. We are going to discuss all of these aspects. We are also going to tackle NFTs on the Ethereum Blockchain. > > Ethereum is also completed by L2s. These are going to be mentioned. > > Ethereum has been switched from POW to Asic resistant POW to POS. These are going to be discussed. > > ​ > > # Ethereum: Home to digital money. > > Ethereum strength is that the blockchain is home to many cryptocurrencies. If gas fees are paid in Ether, many tokens have billions circulating in the Ethereum ecosystem. A quick look at Etherscans reveal how strong the ethereum ecosystem is. > > According to [EtherScan](https://etherscan.io/tokens) the blockchain has 40 Billions $ in USDT, 46 Billions in USDC and 7 Billions $ in Wrapped BTC. The market cap of Ether may be around 200 billions but the on chain value of assets in the Ethereum Blockchain is far higher. > > All of these USDT and USDC are stablecoins which can be used for transactions. In fact, it can be used for P2P transaction in a permissionless way but also to buy stuff from businesses. [Here is a list of business accepting USDT (which exists in the Ethereum blockchain)](https://nowpayments.io/blog/businesses-accepting-tether) and [Here is a list of business accepting directly Ethereum](https://www.analyticsinsight.net/top-10-companies-accepting-ethereum-as-a-payment-method-in-2022/) > > These classical transactions are not the only use of the Ethereum Blockchain: Dapps and NFT are also thriving ! > > # Ethereum: Home to dapps and NFTs > > Ethereum is home to a lot of different applications: Marketplaces, exchanges, defi, wallets, games... > > These application are different because they are called dapps: > > >A decentralised application (DApp,\[1\] dApp,\[2\] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system.\[3\] > > [Wikipedia Dapps](https://en.wikipedia.org/wiki/Decentralized_application) > > To give a glance to these dapps you can head to this website tho be wary of the first dapp listed being an advertisement for shady businesses (I haven't found a better website to source dapps) [Here you go](https://dappradar.com/rankings/protocol/ethereum/1) > > While I don't believe in the current state of NFT technology being viable (See my write up in favor of NFT speaking about the future of this technology), we have to take into account that even after losing 60% of their value there is still 3 Billions USD in NFTs in the Ethereum Blockchain [Source](https://cointelegraph.com/news/ethereum-nft-collections-lost-nearly-60-of-their-market-cap-in-2022-report) > > # Ethereum: Layers of goodness. > > Ethereum can be a bit expensive for people, this is why it was layered. There are side chains existing just to be cheaper than Ethereum while offering bridges to and from Ethereum. For example Polygon. > > >Polygon is a Layer-2 scaling solution created to help bring mass adoption to the Ethereum platform. It caters to the diverse needs of developers by providing tools to create scalable decentralized applications (dApps) that prioritize performance, user experience (UX), and security. > > So if you want to be able to evaluate Ethereum you need to go and read about the biggest layer 2 pro and cons. > > [A small list of Ethereum layer 2 given by Ethereum.org](https://ethereum.org/en/layer-2/) > > # Ethereum: Evolve to thrive > > Ethereum has been a rapidly evolving ecosystem. It has seen the evolution of mining from GPU to Asic. In order to not become reliant on Asic mining, Ethereum was made Asic resistant. This created other problems: A pressure on the GPU market but also a concern for energy efficiency. In order to improve the footprint but also reduce the fees, Ethereum was made to transistion from POW to POS. Proof of stake is a protocol in which you need to stake coins to run a node in the network. > > This shows an ability to look ahead and to tackle challenges. > > # Conclusion: Ethereum is a rapidly evolving ecosystem which has a lot of value in it. Since Ether is their native coin, all of this impacts Ether's value. > > This is where we go back to the TOP COIN aspect of this write up. Everything I have said has an impact on the value and use of Ether. If you believe in the future of the Ethereum Blockchain, you can go ahead and look a bit more into Ether. If you don't believe in the Ethereum Blockchain then you should try to find a competitor. > > Just know that Ethereum is trying to become deflationary and that their economic outlook seems on par with good cryptos. > > Ethereum is one of the techs of the future and this essay has shown some of the most important aspects of it. > > Have fun ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

I urge you to read to the end, but first things first. "DISCLAIMER: I'm not a financial advisor, I'm not giving financial advise, I'm not qualified or licensed to give financial advice, any information provided is for informational and entertainment purposes only. If you decide to become a member using my invitation link, I may be compensated by the company, at no expense to you." With that said and out of the way, Stable Swap is a private group and membership is by invitation only. Stable Swap allows the opportunity for it's private members to supply liquidity using USDT or USDC (or both, separately, at the required minimums) into a 300 day (10 month) stake/liquidity provision - hereforth ("PROVISION") that earns 0.35% daily, which is paid daily to your Stable Swap account. You have the choice to withdrawl your daily earnings from your Stable Swap account (50 USDT or USDC minimum required for withdrawals) to your Metamask wallet, Trust wallet, etc. or compound your interest by re-staking your earnings (25 USDT or USDC minimum required for a 300 day provision). On day 301 of each 300 day provisions you initiate, the amount of the initial provision gets deposited back into your Stable Swap account, where again you can choose to withdrawal (50 minimum) to your Metamask wallet, Trust wallet, etc. or re-stake it into a new 300 day provision. (25 minimum). I started with Stable Swap on May 12, 2024 and staked a total of 10,000 USDT so far (1000 May-12, 1000 May-13, 1000 May-16, 1000 May-19, 6000 May-22) and I've earned over 1200 USDT in the past 34 days. On May-23 I reached the point where my daily earnings exceeded the 25 USDT minimun required to initiate a new 300 day provision, so I've been able to initiate a new 300 provision every day since then, currently over 50 USDT daily at the time of this writing, and that daily amount will continue to grow every day because now I'm making interest on my interest (compound interest) daily for the next 300 days and beyond, since May-23. I'm able to do this daily! What happens on the last day of my 300 day provision. Well, on day 301 of each provision (which I start a new provision daily so starting April 23 I'll have a provision maturing daily), the initial (Day 1) amount of each matured 300 day provision is returned/deposited into my Stable Swap account, in which I plan to re-stake into a new 300 day provision, which will continue on a daily basis as each daily provision I'm initiating every day matures on their respective "day 301", now add each of those amounts to the daily earnings from all the other provisions that haven't matured yet, while older ones will be maturing daily at that point. Is the light bulb coming on yet?? Compound interest is the most powerful force in the financial arena, and I prefer to have it work to my advantage instead of to the advantage of banks and credit card companies where they use compound interest against me. I made a Facebook page for the purpose of sharing this opportunity with a wider audience that's also a more time efficient way of sharing it. Stable Swap is a private group and membership is by invitation only. I welcome everyone to visit my FB page and watch the 2 min video. If Stable Sawp is something you're interested in after watching the video, contact me for complete details, then after (and only after) you fully and completely understand how Stable Swap works, which I'll explain, then you can decide for yourself if you want to get in involved. If so, then at that point I will supply you with your private invitation code that you'll need to create your Stable Swap account. Everything involving the operations of Stable Swap is completely legitimate and verifyable so you can easily conduct your own research and due diligence, which I recommend you do, even after I explain it and you fully understand how it works. For trust and transperancy my phone number and personal Stable Swap invitation link is on the FB page. Either contact me by phone or on through messenger from the FB page. Please also note that I will not answer or return phone calls received from outside the United States. If you're outside the United States, contact me through messenger from the FB page. I wish the best of success to all the crypto enthusiasts out there regardless of the path you choose to travel in crypto! Thanks for reading my post and here's the link to my FB page regarding Stable Swap. https://www.facebook.com/profile.php?id=61560585813479&mibextid=ZbWKwL

Mentions:#USDT#USDC#FB

#Tether Con-Arguments Below is a Tether con-argument written by a deleted user. > **Tether Cons** > > **Dodgy Reserves** > > Initially, Tether asserted that each USDT was backed by a dollar in its reserves. But the truth is more nuanced, Tether is supported by a variety of: > > * Other Investments (Including Digital Tokens): 8.36% > > * Secured Loans(None To Affiliated Entities): 6.77% > > * Corporate Bonds, Funds & Precious Metals: 5.25% > > * Cash & Cash Equivalents & Other Short-Term Deposits & Commercial Paper: 79.62% > > Of the 79% cash and cash equivalents, only 10.25% is held in cash. Also to be emphasized is the lack of an independent audit of the specific breakdown of Tether's reserves. > > **Regulatory Issues** > > The Paradise Papers dump in 2017 revealed that Bitfinex and Tether are both controlled by the same individuals. The Bitfinex trading platform's owners, who also manage the tether virtual currency, have participated in a cover-up to conceal the apparent loss of $850 million dollars, according to the investigation conducted by the New York state Attorney General. Later, Tether's attorney acknowledged that only 74% of the Tether is backed. Tether is forbidden from conducting business in New York under the terms of the settlement agreement. Despite paying a $18 million punishment, Bitfinex and Tether did not confess any wrongdoing. > > **Competitors** > > * USDC: Circle and Coinbase launched USDC in 2018, and it is tied 1:1 to the US dollar. Issuers are also required to back all tokens with fiat reserves and provide monthly proof of reserves in order to guarantee that USDC maintains a continual one-to-one backing. > > * BUSD: BUSD is a stablecoin backed by USD that is 1:1 secure, compliant, and supported by Binance. It was created by Paxos and has NYDFS approval. To preserve the stability and security of the stablecoin, Paxos hires an auditing company to examine its BUSD and US Dollar supply each month. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

#Tether Pro-Arguments Below is a Tether pro-argument written by Blendzi0r. > *First published on: \[*[30.09.2021](https://np.reddit.com/r/CryptoCurrency/comments/og1s24/rcryptocurrency_cointest_top_10_category_tether/hewpzqt/)*\]* > > *Last edited on: 19.09.2022* > > # Intro > > Tether (USDT) is a digital dollar – a stablecoin pegged to US dollar. Stablecoins are a type of cryptocurrency with a value fixed to other assets (usually assets outside of the cryptocurrency space, e.g. fiat currencies, precious metals, etc.). Their main purposes are: 1) help investors escape the volatility of the cryptocurrency market and 2) allow investors to buy cryptocurrencies on exchanges that do not offer fiat deposits. USDT is currently the largest stablecoin. \[1\], \[2\], \[3\] > > # Pros > > **It’s the most popular and oldest stablecoin** > > Tether was launched in 2014 as Realcoin and renamed to Tether the same year \[1\]. It’s the first successful stablecoin. For many years, it had completely dominated the stablecoins market and despite the recent growth of other stablecoins, mainly USDC, Tether is still the biggest and most popular stablecoin. As of September 2022, its market cap shrinked against USDC's market cap in recent months, but its volume still tends to be much higher (according to coinmarketcap, on 19.09.2022 it was 12x(!) higher). In fact, USDT’s trading volume is unmatched by any other cryptocurrency. \[1\] > > It is also worth pointing out that more than 80% of stablecoins launched in 2015 are now gone and USDT is still here, despite its bad press. \[4\] > > **It has most trading pairs** > > The market cap and volume speak for themselves – Tether is the most popular stablecoin. There are very few exchanges that don’t accept USDT and all major coins have trading pairs with USDT. Even Coinbase, which is responsible for Tether’s rival stablecoin – USDC, lists Tether on its exchange (since May 2021). \[5\] > > It is also backed by several international currencies and, therefore, allows people in different countries purchase coins that they otherwise wouldn’t be able to get. > > **It was declared dead many times but, just like Bitcoin, it's alive and kicking** > > There are many controversies around Tether. Perhaps the most concerning one is whether USDT has its reserves fully backed. Many critics believe that Tether isn’t fully backed and if many investors were to redeem tethers at the same time, there would be no liquidity \[6\]. Situations when people redeem tokens en masse usually should happen during market crashes. In the last 4 years we had three significant market crashes – in 2018, in March 2020 and in May 2021. USDT survived all of them. > > It has also survived losing almost 25% of its market cap in a short time - from May to July of this year. > > **The latest breakdowns of the reserves is a step in the right direction** > > Tether had been criticized for lack of transparency (and rightly so) for many years. In May 2021, for the first time since 2014, Tether finally gave us an insight into their reserves. The first report was rather disappointing as it turned out that barely 3% of the reserves are made-up by cash. Moreover, 65% of the reserves were made-up by commercial paper and there were no details about the type of the commercial paper. \[7\] > > However, the reports from August and December 2021 looked much better \[8\]: cash and cash equivalents made up more than 80% of the reserves, more than 10% of which were cash and bank deposits, +/- 30% were treasure bills (they are considered very safe assets) and they provided more details – the reports included information about the rating and breakdown of maturity of the commercial paper and certificates of deposit. The reports were on pair with those of USDC. > > **USDT is centralized. But is it so bad in the case of a stablecoin?** > > Decentralization is essential for cryptocurrency. But so is replacing fiat. So is decentralization that important in the case of a stablecoin? > > The fact that USDT is centralized also allowed it to do good things on many occasions. It returned USDT sent to wrong addresses and cooperated with law enforcement officials and blocked/froze addresses that used USDT for illegal activities. \[9\], \[10\] > > ^(Sources:) > > ^(\[01\]) [^(https://en.wikipedia.org/wiki/Tether/(cryptocurrency)](https://en.wikipedia.org/wiki/Tether/(cryptocurrency)) > > ^(\[02\]) [^(https://tether.to/wp-content/uploads/2016/06/TetherWhitePaper.pdf)](https://tether.to/wp-content/uploads/2016/06/TetherWhitePaper.pdf) > > ^(\[03\]) [^(https://en.wikipedia.org/wiki/Stablecoin)](https://en.wikipedia.org/wiki/Stablecoin) > > ^(\[04\])[^(https://papers.ssrn.com/sol3/papers.cfm?abstract\\\\id=3835219)](https://papers.ssrn.com/sol3/papers.cfm?abstract\id=3835219) > > ^(\[05\]) [^(https://blog.coinbase.com/tether-usdt-is-now-available-on-coinbase-214f075deaa2)](https://blog.coinbase.com/tether-usdt-is-now-available-on-coinbase-214f075deaa2) > > ^(\[06\]) [^(https://www.theverge.com/22620464/tether-backing-cryptocurrency-stablecoin)](https://www.theverge.com/22620464/tether-backing-cryptocurrency-stablecoin) > > ^(\[07\]) [^(https://tether.to/wp-content/uploads/2021/05/tether-march-31-2021-reserves-breakdown.pdf)](https://tether.to/wp-content/uploads/2021/05/tether-march-31-2021-reserves-breakdown.pdf) > > ^(\[08\]) [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > ^(\[09\]) [^(https://decrypt.co/41920/tether-uses-centralized-power-refund-million-usdt)](https://decrypt.co/41920/tether-uses-centralized-power-refund-million-usdt) > > ^(\[10\]) [^(https://cryptopotato.com/tether-freezes-1-7m-in-usdt-stolen-in-yearn-finance-exploit/)](https://cryptopotato.com/tether-freezes-1-7m-in-usdt-stolen-in-yearn-finance-exploit/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

Mentions:#USDT#USDC

Supply liquidity with USDT or USDC (or any combination of both) into a locked 300 day (10 month) stake that pays 0.35% daily. On day 301 you also get your initial stake back. Compound the interest by staking your daily returns into a new 300 day stake. I started with this on May 12, 2024 staked 10,000 total (1000, 1000, 1000, 6000, 1000) and I've earned 1100 so far and now I'm at the point I'm making about $54 per day so every day in staking a new 300 day liquidity provision Earning 0.35% daily on every stake contract. Compounding my interest daily. I made a Facebook page so I could share it with a wider audience. Company is called Stable Swap. It's a private group and membership is by invitation only. Contact me on my FB page after you watch the 2 min video if anyone is interested in getting more details. Everything is legit and completely verifyable. My number and invite link is also on the FB page, transparent & legit. Here's the link https://www.facebook.com/profile.php?id=61560585813479&mibextid=ZbWKwL

Mentions:#USDT#USDC#FB

I see. So it does in fact convert the amount of crypto needed to make the purchase at point of sale? With USDC it will always be 1:1 but if that's correct then like OP mentioned if you're funding it with another crypto your max purchase limit would fluctuate as the crypto fluctuated. My bitpay card didn't work that way. You could only "top it up" by entering in the amount you wanted to add to the card in USD, and they would give you the amount in crypto you needed to send & they would credit the top up with USD.

Mentions:#USDC#OP

I can use my coinbase card against any asset I have on Coinbase. I buy USDC and use that for the card. I get 5.2% from having a USDC balance and .5% cash back in btc.

Mentions:#USDC

Because USDC requires centralized censorship and control which isn’t possible on decentralized blockchains.

Mentions:#USDC

ADA can't implement USDC because Cardano design doesn't have the ability to freeze funds and other government's regualtions that are a requirement for USDC.

Mentions:#ADA#USDC

ADA doesn't have USDC? How is that project so high up?

Mentions:#ADA#USDC

Unless the entity bridges the USDC off algo, it’s TVL.

Mentions:#USDC

Hopefully ADA takes the hint and implements USDC on chain. ADA is dying at this point from lack of liquidity

Mentions:#ADA#USDC

#Algorand Con-Arguments Below is a Algorand con-argument written by a deleted user. > ####**Smart contracts are not yet trustless** > > EVM blockchain explorers (like EtherScan) allow smart contract creators to publish and verify their smart contract code. This allows users to trustlessly audit them and interact with them in a safe and decentralized way. > > In contrast, Algorand's blockchain explorers do not show verified code. At most, they only show [decompiled code](https://algoexplorer.io/application/971388781), through which you can only guess how the smart contract works. And there's no method to interact with them trustlessly. You have to trust the developer's app. > > ####**Small dApp community** > > Algorand TVL is [currently only $240M](https://defillama.com/chains). Even an L2 rollup like Arbitrum has 4x its TVL, and Ethereum is 340x times larger. > > Algorand only generates [$100k of revenue from transactions fees annually](https://tokenterminal.com/terminal/projects/algorand). That's enough to pay for 1 engineer's salary. > > It also doesn't help that Algorand's smart contract interpreter, AVM is very different than Ethereum's EVM, so there's a barrier to switch from Solidity to PyTeal. > > ####**Algorand CEO Staci Warden has a history of immature tweets** > > * That mysterious [NIKE](https://u.today/algorand-ceo-debunks-nike-partnership-details) tweet which turned out to be nothing > * [Tweeting like a teen with bad grammar](https://twitter.com/StaciW_DC/status/1568607639717957634) about losing USDC on Hodlnaut. And why are they even storing important Foundation funds on a CeFi platform in the first place? > > ####**Low Decentralization** > > Algorand has 2500 participation nodes, but there are several other metrics that tell a different story. > > * **Very few nodes actually participate in consensus**: Over the past 7 days (~150k blocks), only [190 voters participated in consensus](https://metrics.algorand.org/#/decentralization/). Unlike Ethereum, in which EVERY staking validator participates in Casper FFG consensus, Algorand [picks voters based on their stake](https://developer.algorand.org/docs/get-details/algorand_consensus/#the-algorand-consensus-protocol), and only a few are included in their leader and voting committees. > * **Relay Nodes**: Algorand Foundation manages a secret list of relay nodes responsible for forwarding transactions to the participation nodes. It's fine as long as there are a few honest relay nodes not censoring blocks. What's concerning is that the Algorand Foundation [used to publish a number of 100-120 relay nodes](https://np.reddit.com/r/AlgorandOfficial/comments/ku4brb/algorand_relay_nodes_public_data/), but they have since scrubbed all information about the number and identity those relay nodes. > > **Governance is for unimportant decisions on reward distributions, not for protocol updates** > > Algorand often markets that it has governance. But [the elections have only been used to vote on community rewards distribution](https://governance.algorand.foundation/), and they're very minor changes. Governance is also coordinated entirely the Algorand Foundation. > > I have never found any information voting being used for Algorand updates, which suggests that there is no public vote for protocol-level decisions. > > ####**Questionable long-term economic sustainability of its security model** > > **Constantly-changing plans** > > As much as I like Algorand's technology, its tokenomics suck. The more I study Algorand's tokenomics, the more I feel that it's a decade-long rug pull. > > First, the Algorand Foundation keeps changing the rewards system and tokenomics model: > > * They attracted node runners (early relay nodes) with billions of dollars of rewards, set to last until 2024. > * They attracted stakers and participation nodes with rewards to last until 2022. > * They then attracted community participation with Governance rewards starting in late 2021 that is currently scheduled to run out in 2030. > * At one point, there were discussions about re-introducing rewards for community relay nodes after community complaints. > > I compare their documentation with [my previous notes](https://np.reddit.com/r/MPlankton/comments/v16v7v/algorand_research_may_2022_draft/) from mid 2022, and many of the links they originally published have been replaced. Their notorious "Long Term Algo Dynamics" page, referenced as the "[New, Longer Term Algo Dynamics Model](https://www.algorand.foundation/news/new-algo-dynamics-overview)" is now old. It redirects to [a new, new model](https://www.algorand.foundation/tokenomics) which still doesn't fix their tokenomics. They seem to be changing decisions on a whim, chasing after whatever gets the most bad publicity at the time. > > **No Plans after 2030** > > Algorand Foundation's plans for [long-term economic sustainability](https://forum.algorand.org/t/serious-lack-of-transparency-and-engagement-of-algorand-foundation/2385/10) have been put off until 2030. It originally designed for Algo's 10B supply to be distributed over 6 years, with relay nodes being rewarded until 2022. That plan was scrapped and remade in Dec 2020 to extend the deadline to 2030 with rewards for relay nodes to last until 2024. There are no plans for sustainable rewards past 2030, and Algorand's tokenomics is a ticking time bomb. > > **High Inflation** > > Algorand's circulating supply has uneven inflation due to an accelerated vesting schedule. The actual circulating supply inflation was 141% in 2020, an insanely-high 433% in 2021, and 12.7% in 2022 [source](https://messari.io/asset/algorand/chart/sply-circ). The silver lining is that accelerated vesting is now over, so inflation will be [~5% over the period of 2023-2029](https://assets-global.website-files.com/62835f42aef969049eba0806/62cc37d101a3d91afc30efca_December%202020%20Algo%20Dynamics.pdf), assuming the 10B max supply holds. > > ####**Revenue too low to sustain security** > > Algorand only produces [~$100K annually from transaction fees](https://tokenterminal.com/terminal/projects/algorand), which isn't enough to cover the annual salary of single engineer. If they want to support their current 100 relay nodes, they'll likely need 100x the current fees unless everyone is super nice and **working for free**. > > **Relay Nodes** are maintained by a consortium of early investors, VCs, Universities, and other non-profits until 2024. These are being paid for through multiple rounds of massive grants totaling at least 2.5B Algo (worth billions of USD). Algorand is still the covering costs for future decentralized Relay Nodes through its [Community Relay Node Program](https://www.algorand.foundation/news/community-relay-node-program). > > It currently costs [$5-10K/year to run a cost-effective relay node on AWS](https://np.reddit.com/r/AlgorandOfficial/comments/o4on6e/run_a_relay_node_on_aws_cost_estimation/). Algorand's $100K in annual revenue from transaction fees is enough to cover a single relay node with 1 engineer. It's unsustainable. Do they think that relay node providers, each currently paid $5M annually on average, are going to stick around when they're suddenly no longer getting paid? > > **Participation nodes** are responsible for consensus and don't get paid anything. They have moderately-high [hardware requirements](https://developer.algorand.org/docs/run-a-node/setup/install/): 16GB memory, 100GB NVMe SSD, 1 Gbps dedicated Internet. > > They don't get paid any rewards, and I'm skeptical how reliable that can be with their hardware, energy, and personnel costs. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

WTF are you on? It is*exactly* the same. It’s USDC, issued by Circle, and fully redeemable from the exact same reserves.

Mentions:#WTF#USDC

except this is not the same USDC as Stellar and Ethereum...

Mentions:#USDC

By this logic isn’t any use of USDC ultimately not capital in any ecosystem since Circle ultimately holds the US dollars that are backing the USDC? I’m not saying you’re wrong, but I guess I’m not really following your logic. Are you implying that these 300m of USDCa were deposited, won’t be used in any form whatsoever, then will one day be redeemed back by circle? They’ve already been distributed amongst varying wallets to some extent.

Mentions:#USDC

So on Matic, you get dusted with USDC, USDT, NFTs, this week's meme token. These are all fake but look very much like the real thing, designed to take you to a site or contract. You're not getting dusted with matic it's all this other stuff they keep sending every time you transact on the blockchain, so the address is already being watched. I've tried creating a new wallet, sending everything (but not the fakes) to the new wallet. Guess what, as soon as the transaction was verified on the blockchain, I got a new deposit of fake stuff. There's no escape.

Mentions:#USDC#USDT

I’d argue it does make a difference, just not in the way of directly profiting from this transaction alone. Someone/some-entity just injected 300m in US dollars (well USDC, a close equivalent) into the Algorand ecosystem. This money is either going to be transacted with throughout the ecosystem, or it’s going to sit in the ecosystem. Either way it’s a lot of money that someone had the confidence to put on the chain.

Mentions:#USDC

I'd say the card you pick really depends on the country you're in. Over in the States, a bunch of credit cards didn't make the cut with regulations and have seized operation in the States entirely. In regards to the fees, you will be surprised at how competitive the crypto card space is now. Most cards do not charge you a fee when spending crypto, if you are paying in USD that is. E.g. you spend $10 on a meal and use the crypto card, exactly 10 USDC willl be deducted. Of all the cards i've tried, most of them do not have a depost fee but some of them do have subscription fee. If you reside in the States or Europe ill highly recommend Offramp's card, no supscription, deposit or spending fees. There is a small ATM withdrawal fee and a small exchange rate fee if you are not paying in USD. How these platforms profit and stay in business i have no idea

Mentions:#USDC#ATM

#Ethereum Pro-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ​ > > # Ethereum: Use-case driving value > > Ethereum is a very valuable Blockchain. This blockchain is driven by innovation and utility. To understand what makes Ethereum such a valuable eco-system we need to discuss the inner-working of Ethereum. > > # Introduction: Ethereum explained > > According to [Ethereum.org](https://Ethereum.org) : > > >What is Ethereum? > > Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet. > > So the topic driving this discussion is badly worded. If we are discussing top coins then we should discuss Ether and not Ethereum. Since Ethereum is such an interesting ecosystem I will treat this argument as a pro Ethereum post. I'd love to see the discussion focused on Ether next time. > > Ethereum is not managed by a single entity nor managed by the Ethereum Foundation but is managed through a decentralized process explained [In their governance page](https://ethereum.org/en/governance/). > > Time for some metrics: Ethereum is currently trading north of 1750 $ and has a circulating supply of 122 millions ETH for a Market cap at around 218 billions > > Let's go back to the quote: "Ethereum is a technology that's home to digital money". This point is important. Ether is not the only coin which is using the Ethereum blockchain. A lot of value on the Ethereum Blockchain is not in Ether coins. This will be discussed further down. Ethereum is also home to global payment, so Ether and other cryptocurrencies can be used to settle transactions between P2P in a permissionless way. > > Applications called Dapps exist on the blockchain. We are going to discuss all of these aspects. We are also going to tackle NFTs on the Ethereum Blockchain. > > Ethereum is also completed by L2s. These are going to be mentioned. > > Ethereum has been switched from POW to Asic resistant POW to POS. These are going to be discussed. > > ​ > > # Ethereum: Home to digital money. > > Ethereum strength is that the blockchain is home to many cryptocurrencies. If gas fees are paid in Ether, many tokens have billions circulating in the Ethereum ecosystem. A quick look at Etherscans reveal how strong the ethereum ecosystem is. > > According to [EtherScan](https://etherscan.io/tokens) the blockchain has 40 Billions $ in USDT, 46 Billions in USDC and 7 Billions $ in Wrapped BTC. The market cap of Ether may be around 200 billions but the on chain value of assets in the Ethereum Blockchain is far higher. > > All of these USDT and USDC are stablecoins which can be used for transactions. In fact, it can be used for P2P transaction in a permissionless way but also to buy stuff from businesses. [Here is a list of business accepting USDT (which exists in the Ethereum blockchain)](https://nowpayments.io/blog/businesses-accepting-tether) and [Here is a list of business accepting directly Ethereum](https://www.analyticsinsight.net/top-10-companies-accepting-ethereum-as-a-payment-method-in-2022/) > > These classical transactions are not the only use of the Ethereum Blockchain: Dapps and NFT are also thriving ! > > # Ethereum: Home to dapps and NFTs > > Ethereum is home to a lot of different applications: Marketplaces, exchanges, defi, wallets, games... > > These application are different because they are called dapps: > > >A decentralised application (DApp,\[1\] dApp,\[2\] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system.\[3\] > > [Wikipedia Dapps](https://en.wikipedia.org/wiki/Decentralized_application) > > To give a glance to these dapps you can head to this website tho be wary of the first dapp listed being an advertisement for shady businesses (I haven't found a better website to source dapps) [Here you go](https://dappradar.com/rankings/protocol/ethereum/1) > > While I don't believe in the current state of NFT technology being viable (See my write up in favor of NFT speaking about the future of this technology), we have to take into account that even after losing 60% of their value there is still 3 Billions USD in NFTs in the Ethereum Blockchain [Source](https://cointelegraph.com/news/ethereum-nft-collections-lost-nearly-60-of-their-market-cap-in-2022-report) > > # Ethereum: Layers of goodness. > > Ethereum can be a bit expensive for people, this is why it was layered. There are side chains existing just to be cheaper than Ethereum while offering bridges to and from Ethereum. For example Polygon. > > >Polygon is a Layer-2 scaling solution created to help bring mass adoption to the Ethereum platform. It caters to the diverse needs of developers by providing tools to create scalable decentralized applications (dApps) that prioritize performance, user experience (UX), and security. > > So if you want to be able to evaluate Ethereum you need to go and read about the biggest layer 2 pro and cons. > > [A small list of Ethereum layer 2 given by Ethereum.org](https://ethereum.org/en/layer-2/) > > # Ethereum: Evolve to thrive > > Ethereum has been a rapidly evolving ecosystem. It has seen the evolution of mining from GPU to Asic. In order to not become reliant on Asic mining, Ethereum was made Asic resistant. This created other problems: A pressure on the GPU market but also a concern for energy efficiency. In order to improve the footprint but also reduce the fees, Ethereum was made to transistion from POW to POS. Proof of stake is a protocol in which you need to stake coins to run a node in the network. > > This shows an ability to look ahead and to tackle challenges. > > # Conclusion: Ethereum is a rapidly evolving ecosystem which has a lot of value in it. Since Ether is their native coin, all of this impacts Ether's value. > > This is where we go back to the TOP COIN aspect of this write up. Everything I have said has an impact on the value and use of Ether. If you believe in the future of the Ethereum Blockchain, you can go ahead and look a bit more into Ether. If you don't believe in the Ethereum Blockchain then you should try to find a competitor. > > Just know that Ethereum is trying to become deflationary and that their economic outlook seems on par with good cryptos. > > Ethereum is one of the techs of the future and this essay has shown some of the most important aspects of it. > > Have fun ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

You can use it as collateral, borrow USDC, and buy more BTC.

Mentions:#USDC#BTC

#CBDC Con-Arguments Below is a CBDC con-argument written by noxtrifle. > CBDCs are not much different from cryptocurrencies, and are digital, governmentally-issued tokens that are pegged to the value of the specific currency. Think of them like USDT or USDC, but highly regulated and centralized. This is why CBDCs have several flaws, including: > > * **Possible ban of cryptocurrencies** > * As a country implements its own CBDC, it is possible that they will simultaneously ban cryptocurrencies as an alternative means of payment, meaning that residents may be locked into using the CBDC, and nothing else. > * **Lack of privacy** > * CBDCs are fully trackable (and controllable) by the country's government, which raises concerns for users' privacy and financial autonomy. If a more authoritarian government was involved, the chances exist that the government uses citizens' personal data for malicious purposes. Even the notion that their transactions are directly trackable by the government may deter many from using CBDCs at all, diminishing their practicality if not all will use it. > * The UK's [House of Lords](https://www.omfif.org/2022/01/uk-parliament-reluctant-to-embrace-retail-cbdc/) and [US Senators](https://www.cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-legislation-prohibiting-unilateral-fed-control-of-a-us-digital-currency) Chuck Grassley, Ted Cruz, and Mike Braun also see privacy as a major concern for CBDCs, even though both countries do not have any definite, immediate plans to launch a CBDC. > * This could also give birth to a system where governments can restrict individuals' or companies' access to the monetary system for any dissent against the government, and combining CBDCs with something like China's social credit system would worsen the already-severe privacy issues in certain countries. > * **Centralisation** > * As opposed to cryptocurrencies, which in most cases are decentralized, CBDCs in their current form are fully controlled by the government or central bank. > * Without decentralization, CBDCs bring back into question many of the problems that cryptocurrencies seek to solve: including double-spending, hackers, and malicious actors. > * Data breaches are also a severe issue: unlike in the cryptocurrency space where a hacker can only gain access to one's funds, with CBDCs they can steal numerous other sensitive details including one's bank details, address, and identity as they will all likely be linked to one's CBDC account. > * **Monetary Policy Concerns** > * While CBDCs will allow governments to collect taxes and track expenditure with ease, they are also a dangerous tool in times of economic concern. > * Take the present day, for instance. Instead of raising the cash rate to decrease expenditure, governments could easily diminish citizens' accounts by a certain amount or vice versa, likely leading to rapid deflation or inflation. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_CBDC) to find submissions for other topics.

Mentions:#USDT#USDC

Three reasons to be bullish on Ethereum right now: The Coinbase Smart Wallet: -- Coinbase recently released their Smart Wallet and is, I think, the best self-custodial embedded wallet solution out there! 🔑 Here is how it works.. (1) Upon sign up, the user will be prompted for biometrics and a passkey will be created. (2) Coinbase then deploys a smart contract that pins (hardcodes) that passkey's public key as the authorized key for transactions. (3) When the user wants to transact, the dApp will create a transaction and prompt the user for its biometrics. (4) The biometrics will decrypt the passkey from the iCloud Keychain which is shared across devices. (5) Upon decryption, the passkey then signs over an ERC-4337 compliant message (UserOperation) that contains the transaction details to execute, such as transferring 10 USDC to wallet 0xa901..bc. (6) The UserOperation message then gets validated and packaged into a transaction in a private alternative mempool. (7) The dApp can decide to sponsor the gas fees through paymaster to reduce friction from the experience. (8) The smart contract validates the UserOperation format (calldata), nonce replays, and the signature. (9) Signature validation includes unwrapping the signature data, determining if the signature is a classic Ethereum signature (secp256k1), or a WebAuthn signature (secp256r1), and verifying the signature accordingly against the authorized signing public key from step (2). (10) Upon successful validation and verification of the message, the smart contract executes the transaction with the received information (calldata). This means that: • The user is the sole owner of the smart contract wallet. • So long as the user doesn't wipe its passkey from their iCloud Keychain & Google Password Manager backup, they can access it. • iCloud Keychain and Google Password Manager both have multiple levels of recovery accessible. • You're not relying on any other intermediaries than Apple and Google to trust. • There is no API key that puts the web3 app developer in the position of a custodian. • There is no complex sharding of key shares from multi-party computation. • You'd need at least 1 smart contract deployed by chain by user - it's downside for L1s or expensive L2s but required for gas sponsorship and transaction batching anyway. • Users would have to delegate full temporary trust to the dApp with session keys if they do not want to constantly approve onchain actions with biometrics. • Users trust Coinbase to deploy the smart contract with no backdoor (easy to verify the bytecode against the open source version). Overall, pretty good choices made by Coinbase to make self-custody more usable and approchable in the embedded wallet space! Great work @WilsonCusack and team! - [@nassyweazy](https://x.com/nassyweazy/status/1799080902078689663) -- Base, which is the foundation of Coinbase smart wallet, and settles to Ethereum, seeing massive stablecoin growth: -- >stablecoin payments growing fast on @base - [@jessepollak](https://x.com/jessepollak/status/1799887662389891498) ><9 months after launch, @base is the #1 L2 by activity - [@jessepollak](https://x.com/jessepollak/status/1798735200136077414) -- Ethereum ETF will become available to the market soon. -- All this being said, the market is complex, unpredictable and not always rational, so even with the most bullish indicators, there's no guarantee we'll see a price rise.

Mentions:#USDC#API#ETF

The most common one would be USDT or USDC, on multiple chains, since this will remove the exchange rate risk. Then you look at the fees for exchange and transfer fee on each different chains, I think there are a few chains offer significantly lower fees

Mentions:#USDT#USDC

#Ethereum Pro-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > &#x200B; > > # Ethereum: Use-case driving value > > Ethereum is a very valuable Blockchain. This blockchain is driven by innovation and utility. To understand what makes Ethereum such a valuable eco-system we need to discuss the inner-working of Ethereum. > > # Introduction: Ethereum explained > > According to [Ethereum.org](https://Ethereum.org) : > > >What is Ethereum? > > Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet. > > So the topic driving this discussion is badly worded. If we are discussing top coins then we should discuss Ether and not Ethereum. Since Ethereum is such an interesting ecosystem I will treat this argument as a pro Ethereum post. I'd love to see the discussion focused on Ether next time. > > Ethereum is not managed by a single entity nor managed by the Ethereum Foundation but is managed through a decentralized process explained [In their governance page](https://ethereum.org/en/governance/). > > Time for some metrics: Ethereum is currently trading north of 1750 $ and has a circulating supply of 122 millions ETH for a Market cap at around 218 billions > > Let's go back to the quote: "Ethereum is a technology that's home to digital money". This point is important. Ether is not the only coin which is using the Ethereum blockchain. A lot of value on the Ethereum Blockchain is not in Ether coins. This will be discussed further down. Ethereum is also home to global payment, so Ether and other cryptocurrencies can be used to settle transactions between P2P in a permissionless way. > > Applications called Dapps exist on the blockchain. We are going to discuss all of these aspects. We are also going to tackle NFTs on the Ethereum Blockchain. > > Ethereum is also completed by L2s. These are going to be mentioned. > > Ethereum has been switched from POW to Asic resistant POW to POS. These are going to be discussed. > > &#x200B; > > # Ethereum: Home to digital money. > > Ethereum strength is that the blockchain is home to many cryptocurrencies. If gas fees are paid in Ether, many tokens have billions circulating in the Ethereum ecosystem. A quick look at Etherscans reveal how strong the ethereum ecosystem is. > > According to [EtherScan](https://etherscan.io/tokens) the blockchain has 40 Billions $ in USDT, 46 Billions in USDC and 7 Billions $ in Wrapped BTC. The market cap of Ether may be around 200 billions but the on chain value of assets in the Ethereum Blockchain is far higher. > > All of these USDT and USDC are stablecoins which can be used for transactions. In fact, it can be used for P2P transaction in a permissionless way but also to buy stuff from businesses. [Here is a list of business accepting USDT (which exists in the Ethereum blockchain)](https://nowpayments.io/blog/businesses-accepting-tether) and [Here is a list of business accepting directly Ethereum](https://www.analyticsinsight.net/top-10-companies-accepting-ethereum-as-a-payment-method-in-2022/) > > These classical transactions are not the only use of the Ethereum Blockchain: Dapps and NFT are also thriving ! > > # Ethereum: Home to dapps and NFTs > > Ethereum is home to a lot of different applications: Marketplaces, exchanges, defi, wallets, games... > > These application are different because they are called dapps: > > >A decentralised application (DApp,\[1\] dApp,\[2\] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system.\[3\] > > [Wikipedia Dapps](https://en.wikipedia.org/wiki/Decentralized_application) > > To give a glance to these dapps you can head to this website tho be wary of the first dapp listed being an advertisement for shady businesses (I haven't found a better website to source dapps) [Here you go](https://dappradar.com/rankings/protocol/ethereum/1) > > While I don't believe in the current state of NFT technology being viable (See my write up in favor of NFT speaking about the future of this technology), we have to take into account that even after losing 60% of their value there is still 3 Billions USD in NFTs in the Ethereum Blockchain [Source](https://cointelegraph.com/news/ethereum-nft-collections-lost-nearly-60-of-their-market-cap-in-2022-report) > > # Ethereum: Layers of goodness. > > Ethereum can be a bit expensive for people, this is why it was layered. There are side chains existing just to be cheaper than Ethereum while offering bridges to and from Ethereum. For example Polygon. > > >Polygon is a Layer-2 scaling solution created to help bring mass adoption to the Ethereum platform. It caters to the diverse needs of developers by providing tools to create scalable decentralized applications (dApps) that prioritize performance, user experience (UX), and security. > > So if you want to be able to evaluate Ethereum you need to go and read about the biggest layer 2 pro and cons. > > [A small list of Ethereum layer 2 given by Ethereum.org](https://ethereum.org/en/layer-2/) > > # Ethereum: Evolve to thrive > > Ethereum has been a rapidly evolving ecosystem. It has seen the evolution of mining from GPU to Asic. In order to not become reliant on Asic mining, Ethereum was made Asic resistant. This created other problems: A pressure on the GPU market but also a concern for energy efficiency. In order to improve the footprint but also reduce the fees, Ethereum was made to transistion from POW to POS. Proof of stake is a protocol in which you need to stake coins to run a node in the network. > > This shows an ability to look ahead and to tackle challenges. > > # Conclusion: Ethereum is a rapidly evolving ecosystem which has a lot of value in it. Since Ether is their native coin, all of this impacts Ether's value. > > This is where we go back to the TOP COIN aspect of this write up. Everything I have said has an impact on the value and use of Ether. If you believe in the future of the Ethereum Blockchain, you can go ahead and look a bit more into Ether. If you don't believe in the Ethereum Blockchain then you should try to find a competitor. > > Just know that Ethereum is trying to become deflationary and that their economic outlook seems on par with good cryptos. > > Ethereum is one of the techs of the future and this essay has shown some of the most important aspects of it. > > Have fun ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

#CBDC Con-Arguments Below is a CBDC con-argument written by noxtrifle. > CBDCs are not much different from cryptocurrencies, and are digital, governmentally-issued tokens that are pegged to the value of the specific currency. Think of them like USDT or USDC, but highly regulated and centralized. This is why CBDCs have several flaws, including: > > * **Possible ban of cryptocurrencies** > * As a country implements its own CBDC, it is possible that they will simultaneously ban cryptocurrencies as an alternative means of payment, meaning that residents may be locked into using the CBDC, and nothing else. > * **Lack of privacy** > * CBDCs are fully trackable (and controllable) by the country's government, which raises concerns for users' privacy and financial autonomy. If a more authoritarian government was involved, the chances exist that the government uses citizens' personal data for malicious purposes. Even the notion that their transactions are directly trackable by the government may deter many from using CBDCs at all, diminishing their practicality if not all will use it. > * The UK's [House of Lords](https://www.omfif.org/2022/01/uk-parliament-reluctant-to-embrace-retail-cbdc/) and [US Senators](https://www.cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-legislation-prohibiting-unilateral-fed-control-of-a-us-digital-currency) Chuck Grassley, Ted Cruz, and Mike Braun also see privacy as a major concern for CBDCs, even though both countries do not have any definite, immediate plans to launch a CBDC. > * This could also give birth to a system where governments can restrict individuals' or companies' access to the monetary system for any dissent against the government, and combining CBDCs with something like China's social credit system would worsen the already-severe privacy issues in certain countries. > * **Centralisation** > * As opposed to cryptocurrencies, which in most cases are decentralized, CBDCs in their current form are fully controlled by the government or central bank. > * Without decentralization, CBDCs bring back into question many of the problems that cryptocurrencies seek to solve: including double-spending, hackers, and malicious actors. > * Data breaches are also a severe issue: unlike in the cryptocurrency space where a hacker can only gain access to one's funds, with CBDCs they can steal numerous other sensitive details including one's bank details, address, and identity as they will all likely be linked to one's CBDC account. > * **Monetary Policy Concerns** > * While CBDCs will allow governments to collect taxes and track expenditure with ease, they are also a dangerous tool in times of economic concern. > * Take the present day, for instance. Instead of raising the cash rate to decrease expenditure, governments could easily diminish citizens' accounts by a certain amount or vice versa, likely leading to rapid deflation or inflation. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_CBDC) to find submissions for other topics.

Mentions:#USDT#USDC

I did have additional 2FA on all withdrawals - somehow they got around security on my authenticator app (for reasons I won’t go into here, it’s pretty clear these guys were a sophisticated operation and knew what they were doing). I also had a restriction on how much could be withdrawn in a 24 hour period, which is why I thankfully only lost ~25% of what was purchased. The point is none of what you mentioned would have prevented this issue. The hackers then realized there was a restriction, which was why they made all the conversions I described above (I think they were trying to see if they would be allowed to send more by converting to other types of crypto). They obviously realized after they were unable to send more after attempting in BTC, BCH, USDC, and ETH, and gave up - but not before generating the $1000 in “Coinbase Fees” I’m disputing.

I did have additional 2FA on all withdrawals - somehow they got around security on my authenticator app (for reasons I won’t go into here, it’s pretty clear these guys were a sophisticated operation and knew what they were doing). I also had a restriction on how much could be withdrawn in a 24 hour period, which is why I thankfully only lost ~25% of what was purchased. The point is none of what you mentioned would have prevented this issue. The hackers then realized there was a restriction, which was why they made all the conversions I described above (I think they were trying to see if they would be allowed to send more by converting to other types of crypto). They obviously realized after they were unable to send more after attempting in BTC, BCH, USDC, and ETH, and gave up - but not before generating the $1000 in “Coinbase Fees” I’m disputing.

> when will we be able to make transactions using our cryptocurrency in the same manner that we use our debit or credit cards You can already do so with many cryptocurrencies via crypto debit cards or systems like Flexa. But they're very unpopular as very few want to spend their crypto. The only place I'm aware of where it is popular is USDC in Argentina (way more than Lightning in El Salvador)

Mentions:#USDC

Well because I sent USDT to a USDC address through Optimism. I don't believe Coinbase currently supports USDT on OP network so it won't arrive at CB. Based on some cursory research that seems to be the issue. Much if this is above my head but other threads related to USDT/Optimism have said the same.

Mentions:#USDT#USDC#OP

I made the mistake of sending $1,000 USDT to my USDC address at Coinbase (via the OP) network. Coinbase said nothing they can do. I imagine it's lost. Agreed? Just checking all avenues before I mentally consider it lost. I know... it was my mistake. I did a smaller test run and everything but somehow mixed it up on the larger send.

Mentions:#USDT#USDC#OP

This. And they think we will fall for "your keys, your USDC" very not likely. Hard wallet all the way. Banks are like the major yards we are trying to level on this playing field, not for them to continue gaining more yardage playing with your money.

Mentions:#USDC

#Ethereum Pro-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > &#x200B; > > # Ethereum: Use-case driving value > > Ethereum is a very valuable Blockchain. This blockchain is driven by innovation and utility. To understand what makes Ethereum such a valuable eco-system we need to discuss the inner-working of Ethereum. > > # Introduction: Ethereum explained > > According to [Ethereum.org](https://Ethereum.org) : > > >What is Ethereum? > > Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet. > > So the topic driving this discussion is badly worded. If we are discussing top coins then we should discuss Ether and not Ethereum. Since Ethereum is such an interesting ecosystem I will treat this argument as a pro Ethereum post. I'd love to see the discussion focused on Ether next time. > > Ethereum is not managed by a single entity nor managed by the Ethereum Foundation but is managed through a decentralized process explained [In their governance page](https://ethereum.org/en/governance/). > > Time for some metrics: Ethereum is currently trading north of 1750 $ and has a circulating supply of 122 millions ETH for a Market cap at around 218 billions > > Let's go back to the quote: "Ethereum is a technology that's home to digital money". This point is important. Ether is not the only coin which is using the Ethereum blockchain. A lot of value on the Ethereum Blockchain is not in Ether coins. This will be discussed further down. Ethereum is also home to global payment, so Ether and other cryptocurrencies can be used to settle transactions between P2P in a permissionless way. > > Applications called Dapps exist on the blockchain. We are going to discuss all of these aspects. We are also going to tackle NFTs on the Ethereum Blockchain. > > Ethereum is also completed by L2s. These are going to be mentioned. > > Ethereum has been switched from POW to Asic resistant POW to POS. These are going to be discussed. > > &#x200B; > > # Ethereum: Home to digital money. > > Ethereum strength is that the blockchain is home to many cryptocurrencies. If gas fees are paid in Ether, many tokens have billions circulating in the Ethereum ecosystem. A quick look at Etherscans reveal how strong the ethereum ecosystem is. > > According to [EtherScan](https://etherscan.io/tokens) the blockchain has 40 Billions $ in USDT, 46 Billions in USDC and 7 Billions $ in Wrapped BTC. The market cap of Ether may be around 200 billions but the on chain value of assets in the Ethereum Blockchain is far higher. > > All of these USDT and USDC are stablecoins which can be used for transactions. In fact, it can be used for P2P transaction in a permissionless way but also to buy stuff from businesses. [Here is a list of business accepting USDT (which exists in the Ethereum blockchain)](https://nowpayments.io/blog/businesses-accepting-tether) and [Here is a list of business accepting directly Ethereum](https://www.analyticsinsight.net/top-10-companies-accepting-ethereum-as-a-payment-method-in-2022/) > > These classical transactions are not the only use of the Ethereum Blockchain: Dapps and NFT are also thriving ! > > # Ethereum: Home to dapps and NFTs > > Ethereum is home to a lot of different applications: Marketplaces, exchanges, defi, wallets, games... > > These application are different because they are called dapps: > > >A decentralised application (DApp,\[1\] dApp,\[2\] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system.\[3\] > > [Wikipedia Dapps](https://en.wikipedia.org/wiki/Decentralized_application) > > To give a glance to these dapps you can head to this website tho be wary of the first dapp listed being an advertisement for shady businesses (I haven't found a better website to source dapps) [Here you go](https://dappradar.com/rankings/protocol/ethereum/1) > > While I don't believe in the current state of NFT technology being viable (See my write up in favor of NFT speaking about the future of this technology), we have to take into account that even after losing 60% of their value there is still 3 Billions USD in NFTs in the Ethereum Blockchain [Source](https://cointelegraph.com/news/ethereum-nft-collections-lost-nearly-60-of-their-market-cap-in-2022-report) > > # Ethereum: Layers of goodness. > > Ethereum can be a bit expensive for people, this is why it was layered. There are side chains existing just to be cheaper than Ethereum while offering bridges to and from Ethereum. For example Polygon. > > >Polygon is a Layer-2 scaling solution created to help bring mass adoption to the Ethereum platform. It caters to the diverse needs of developers by providing tools to create scalable decentralized applications (dApps) that prioritize performance, user experience (UX), and security. > > So if you want to be able to evaluate Ethereum you need to go and read about the biggest layer 2 pro and cons. > > [A small list of Ethereum layer 2 given by Ethereum.org](https://ethereum.org/en/layer-2/) > > # Ethereum: Evolve to thrive > > Ethereum has been a rapidly evolving ecosystem. It has seen the evolution of mining from GPU to Asic. In order to not become reliant on Asic mining, Ethereum was made Asic resistant. This created other problems: A pressure on the GPU market but also a concern for energy efficiency. In order to improve the footprint but also reduce the fees, Ethereum was made to transistion from POW to POS. Proof of stake is a protocol in which you need to stake coins to run a node in the network. > > This shows an ability to look ahead and to tackle challenges. > > # Conclusion: Ethereum is a rapidly evolving ecosystem which has a lot of value in it. Since Ether is their native coin, all of this impacts Ether's value. > > This is where we go back to the TOP COIN aspect of this write up. Everything I have said has an impact on the value and use of Ether. If you believe in the future of the Ethereum Blockchain, you can go ahead and look a bit more into Ether. If you don't believe in the Ethereum Blockchain then you should try to find a competitor. > > Just know that Ethereum is trying to become deflationary and that their economic outlook seems on par with good cryptos. > > Ethereum is one of the techs of the future and this essay has shown some of the most important aspects of it. > > Have fun ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

I sold my MOON for a RTX 4080 and a 4k TV. Newegg takes crypto as payment and I've bought stuff with USDC.

Mentions:#USDC

Just purchased breakfast with USDC.

Mentions:#USDC

My advice is to allocate the amount based on total market cap of the crypto projects. This includes USDC and USDT and then rebalance each quarter. Start with the top Bitcoin and build it on the way down. With Tether and USDC, place them in AAVE to let them grow. Then check on them either annually or when everyone gets into crypto or you start seeing ads to take money out for fun funds.

lol, even some stable coin isn't stable. UST is a perfect example. I can say that only USDT and USDC are stable.

Mentions:#USDT#USDC

This... "Traditionally" if it follows the same cycle as the prior cycles. Sell in September 2025. That should be close to the top, and start buying back a year later. But if you are doing this to buy something in 2026, don't bother buying back in, sell in September 2025 and then hodl in USDC on Coinbase collecting the 5% APY until you are ready to cash out. I have made the mistake of chasing a price and lost both times, chase the cycle date. Or if for whatever reason you believe the 4 year cycle has ended, put a Stop Loss in September 2025 and move it up with the current price. 10% below should be safe. The scam wicks down have seem to calmed down to 3% - 6%, but they might get more aggressive in 2025.

Mentions:#USDC

You can participate in a Liquidity Pool For example supply WBTC and USDC to uniswap between $60k and 75k If the price falls below 60k your lp is 100% in WBTC. When it is above 75k your 100% in USDC. The Lp automatically trades back and forth within the range as the price moves with every single trade that goes through the pool at uniswap. You earn fees payed to the Lp as well as farm incentives if you know where to look. Hint: check on Merkel to see uniswap Lp incentive campaigns.

Mentions:#WBTC#USDC

No1 reason ADA is failing...it has no liquidity. It is screamingly obvious they need USDC and an EVM. Hoskinson's ego is toxic to the project at this point. Sooner they oust his influence with the Chang hardfork the better

Mentions:#ADA#USDC

It's to be negotiated with the particular owner. In my case they wanted regular fiat first but I convinced them to accept Bitcoin. I send Bitcoin via Lightning, their bank application allows them to manually or automatically convert it into USD and to spend it online or with a card. So both sides win. But yeah, due to bitcoin's short-term volatility, the contracts are in USD. I wouldn't also accept a contract in fixed BTC amount, as I expect BTC to go much higher within the coming months / years and I don't want to 2x or 5x my rent. There's a bank called DitoBanx [https://ditobanx.com/](https://ditobanx.com/) in El Salvador that offers mobile application and a Mastercard along with it. The user can receive Bitcoin (and Lightning) payments, also USDC payments. And the user can decide whether to 1) keep it in Bitcoin 2) convert it manually to USD 3) convert it automatically to USD Most people, especially the ones who can't permit saving in long term or don't have sufficient financial education, prefer to keep the money in a currency that doesn't fluctuate. In other words USD.

Mentions:#BTC#USDC

#Tether Con-Arguments Below is a Tether con-argument written by a deleted user. > **Tether Cons** > > **Dodgy Reserves** > > Initially, Tether asserted that each USDT was backed by a dollar in its reserves. But the truth is more nuanced, Tether is supported by a variety of: > > * Other Investments (Including Digital Tokens): 8.36% > > * Secured Loans(None To Affiliated Entities): 6.77% > > * Corporate Bonds, Funds & Precious Metals: 5.25% > > * Cash & Cash Equivalents & Other Short-Term Deposits & Commercial Paper: 79.62% > > Of the 79% cash and cash equivalents, only 10.25% is held in cash. Also to be emphasized is the lack of an independent audit of the specific breakdown of Tether's reserves. > > **Regulatory Issues** > > The Paradise Papers dump in 2017 revealed that Bitfinex and Tether are both controlled by the same individuals. The Bitfinex trading platform's owners, who also manage the tether virtual currency, have participated in a cover-up to conceal the apparent loss of $850 million dollars, according to the investigation conducted by the New York state Attorney General. Later, Tether's attorney acknowledged that only 74% of the Tether is backed. Tether is forbidden from conducting business in New York under the terms of the settlement agreement. Despite paying a $18 million punishment, Bitfinex and Tether did not confess any wrongdoing. > > **Competitors** > > * USDC: Circle and Coinbase launched USDC in 2018, and it is tied 1:1 to the US dollar. Issuers are also required to back all tokens with fiat reserves and provide monthly proof of reserves in order to guarantee that USDC maintains a continual one-to-one backing. > > * BUSD: BUSD is a stablecoin backed by USD that is 1:1 secure, compliant, and supported by Binance. It was created by Paxos and has NYDFS approval. To preserve the stability and security of the stablecoin, Paxos hires an auditing company to examine its BUSD and US Dollar supply each month. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

#Tether Pro-Arguments Below is a Tether pro-argument written by Nostalg33k. > # Tether, criticized but stable. > > &#x200B; > > Tether is always the bane of all jokes. USDT despite some problems of transparency is still the best stablecoin. Let's dive in. > > &#x200B; > > # What is a USDT or Tether: A Stablecoin > > While we argue about USDT maybe you need a reminder: USDT is a cryptocurrency (it is on blockchains and works through these digital un-modifiable ledgers) and its value is correlated to a currency which is the dollar. Therefore the name Stablecoin. While this cointest is about Tether, you need to understand the advantages of stablecoins. > > While we are waiting for a cointest about stablecoins as a whole, here is the jist of it. > > 1) Stablecoins allow you to trade without returning to your fiat. > > Stablecoins are a way to circumvent profit declarations. Trading crypto is already complicated as it is, trading crypto is very fast paced and trading crypto relies on stablecoins. The reliance on stablecoin is due to taxable events: Selling a part of your folio for fiat leads to a taxable event. If you are not planning to put money out or to try to get your losses written as a loss (which may backfire later but you do you) then you should rely on stablecoins. Trading in a USDT pair does not (yet) create a taxable event. So go yolo out there ! > > 2) Fast paced liquidity which is digitally managed by a blockchain. > > Stablecoins have the advantages of being highly liquid and being secured by blockchain. > > 3) Swapping for a stable dollar value on your Ledger. > > If you are a fan of DEX, these platform do not have a fiat ramp, so if you want to go back to a dollar valued coin which is not suffering from unstable market conditions => stablecoins. > > # The main argument is liquidity. > > While trust in Tether is lacking, anyone knows that you can transit by Tether without risking a depeg. Users have seen UST and other stable coins crumble while Tether stays standing. With a daily volume close to its circulating supply, you can trust USDT if you have to buy it or sell it. Some will be sold and bought as you need it. > > [The data of this stablecoin is showing that you can trust it](https://coinmarketcap.com/currencies/tether/) > > # The backbone of the industry. > > If you want to support the Crypto industry as a whole, USDT is the stablecoin to hold. By holding USDC you are propping up Coinbase and Bitcoin, by holding BUSD you are propping up Binance. USDT is universal right now. It is the common stablecoin which is on all platforms. Yes it has links with bitfinex but it is more generalized than other stablecoins. > > &#x200B; > > # Nice Staking rates for small bag holders. > > A lot of platforms such as [Binance](https://www.binance.com/en/earn/usdt) offer good rates for staking USDT. Which means that you can be paid for supporting the crypto industry as a whole. This staking is safer than other cryptos since your main investment stays pegged to the dollar which has been shown to be the ultimate commodity in our inflationary cycle. > > &#x200B; > > # Tether like any crypto can be sent from a user to another. > > USDT can be your way to send money to your friend. USDT is free to move (you still have to pay the blockchain fees). This part can be a way to on-ramp your friend into the crypto ecosystem. You can send them some money on their newly created wallet and show them the way stablecoins work. > > &#x200B; > > # Conclusion: Advantages of a stablecoin and of market domination makes Tether the best one. > > Often people are speaking about USDT saying it should crumble under its own weight. They don't realize that the volume of USDT is so high that a large part of the market cap is actually exchanging hands. If tomorrow 20 billions or more are slashed directly from people's pockets this would create the biggest bloodbath in crypto history. Tether has become to huge to fail and its liquidity makes it the best one for users. > > It has all the advantages of a stablecoin and you should be able to trust it. It has existed for nearly 10 years and will surely exist for 10 years more ! ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

Yes. Living in El Salvador on bitcoin standard (rent, food, internet, gas, etc. all paid in bitcoin), getting paid in USDC (international company), which gets converted to BTC via DCA. When fiat is needed, RoboSats or Bisq

Mentions:#USDC#BTC#DCA

Unfortunately, there isn't a way to store Bitcoin without experiencing price fluctuations, as its value is inherently volatile. If you want to avoid price changes, you might consider converting your Bitcoin to a stablecoin like USDT or USDC, which are designed to maintain a stable value. You can then store these stablecoins in a digital wallet

Mentions:#USDT#USDC

#Ethereum Pro-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > &#x200B; > > # Ethereum: Use-case driving value > > Ethereum is a very valuable Blockchain. This blockchain is driven by innovation and utility. To understand what makes Ethereum such a valuable eco-system we need to discuss the inner-working of Ethereum. > > # Introduction: Ethereum explained > > According to [Ethereum.org](https://Ethereum.org) : > > >What is Ethereum? > > Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet. > > So the topic driving this discussion is badly worded. If we are discussing top coins then we should discuss Ether and not Ethereum. Since Ethereum is such an interesting ecosystem I will treat this argument as a pro Ethereum post. I'd love to see the discussion focused on Ether next time. > > Ethereum is not managed by a single entity nor managed by the Ethereum Foundation but is managed through a decentralized process explained [In their governance page](https://ethereum.org/en/governance/). > > Time for some metrics: Ethereum is currently trading north of 1750 $ and has a circulating supply of 122 millions ETH for a Market cap at around 218 billions > > Let's go back to the quote: "Ethereum is a technology that's home to digital money". This point is important. Ether is not the only coin which is using the Ethereum blockchain. A lot of value on the Ethereum Blockchain is not in Ether coins. This will be discussed further down. Ethereum is also home to global payment, so Ether and other cryptocurrencies can be used to settle transactions between P2P in a permissionless way. > > Applications called Dapps exist on the blockchain. We are going to discuss all of these aspects. We are also going to tackle NFTs on the Ethereum Blockchain. > > Ethereum is also completed by L2s. These are going to be mentioned. > > Ethereum has been switched from POW to Asic resistant POW to POS. These are going to be discussed. > > &#x200B; > > # Ethereum: Home to digital money. > > Ethereum strength is that the blockchain is home to many cryptocurrencies. If gas fees are paid in Ether, many tokens have billions circulating in the Ethereum ecosystem. A quick look at Etherscans reveal how strong the ethereum ecosystem is. > > According to [EtherScan](https://etherscan.io/tokens) the blockchain has 40 Billions $ in USDT, 46 Billions in USDC and 7 Billions $ in Wrapped BTC. The market cap of Ether may be around 200 billions but the on chain value of assets in the Ethereum Blockchain is far higher. > > All of these USDT and USDC are stablecoins which can be used for transactions. In fact, it can be used for P2P transaction in a permissionless way but also to buy stuff from businesses. [Here is a list of business accepting USDT (which exists in the Ethereum blockchain)](https://nowpayments.io/blog/businesses-accepting-tether) and [Here is a list of business accepting directly Ethereum](https://www.analyticsinsight.net/top-10-companies-accepting-ethereum-as-a-payment-method-in-2022/) > > These classical transactions are not the only use of the Ethereum Blockchain: Dapps and NFT are also thriving ! > > # Ethereum: Home to dapps and NFTs > > Ethereum is home to a lot of different applications: Marketplaces, exchanges, defi, wallets, games... > > These application are different because they are called dapps: > > >A decentralised application (DApp,\[1\] dApp,\[2\] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system.\[3\] > > [Wikipedia Dapps](https://en.wikipedia.org/wiki/Decentralized_application) > > To give a glance to these dapps you can head to this website tho be wary of the first dapp listed being an advertisement for shady businesses (I haven't found a better website to source dapps) [Here you go](https://dappradar.com/rankings/protocol/ethereum/1) > > While I don't believe in the current state of NFT technology being viable (See my write up in favor of NFT speaking about the future of this technology), we have to take into account that even after losing 60% of their value there is still 3 Billions USD in NFTs in the Ethereum Blockchain [Source](https://cointelegraph.com/news/ethereum-nft-collections-lost-nearly-60-of-their-market-cap-in-2022-report) > > # Ethereum: Layers of goodness. > > Ethereum can be a bit expensive for people, this is why it was layered. There are side chains existing just to be cheaper than Ethereum while offering bridges to and from Ethereum. For example Polygon. > > >Polygon is a Layer-2 scaling solution created to help bring mass adoption to the Ethereum platform. It caters to the diverse needs of developers by providing tools to create scalable decentralized applications (dApps) that prioritize performance, user experience (UX), and security. > > So if you want to be able to evaluate Ethereum you need to go and read about the biggest layer 2 pro and cons. > > [A small list of Ethereum layer 2 given by Ethereum.org](https://ethereum.org/en/layer-2/) > > # Ethereum: Evolve to thrive > > Ethereum has been a rapidly evolving ecosystem. It has seen the evolution of mining from GPU to Asic. In order to not become reliant on Asic mining, Ethereum was made Asic resistant. This created other problems: A pressure on the GPU market but also a concern for energy efficiency. In order to improve the footprint but also reduce the fees, Ethereum was made to transistion from POW to POS. Proof of stake is a protocol in which you need to stake coins to run a node in the network. > > This shows an ability to look ahead and to tackle challenges. > > # Conclusion: Ethereum is a rapidly evolving ecosystem which has a lot of value in it. Since Ether is their native coin, all of this impacts Ether's value. > > This is where we go back to the TOP COIN aspect of this write up. Everything I have said has an impact on the value and use of Ether. If you believe in the future of the Ethereum Blockchain, you can go ahead and look a bit more into Ether. If you don't believe in the Ethereum Blockchain then you should try to find a competitor. > > Just know that Ethereum is trying to become deflationary and that their economic outlook seems on par with good cryptos. > > Ethereum is one of the techs of the future and this essay has shown some of the most important aspects of it. > > Have fun ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

r/CryptoCurrency